HighTower Advisors LLC Cuts Stock Holdings in iShares MSCI Germany ETF $EWG

HighTower Advisors LLC reduced its stake in iShares MSCI Germany ETF (NYSEARCA:EWG) by 9.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 190,959 shares of the exchange traded fund’s stock after selling 18,798 shares during the period. HighTower Advisors LLC owned approximately 0.39% of iShares MSCI Germany ETF worth $7,946,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. NewEdge Advisors LLC bought a new stake in shares of iShares MSCI Germany ETF in the first quarter worth about $65,000. Jones Financial Companies Lllp increased its stake in iShares MSCI Germany ETF by 3,443.5% in the 1st quarter. Jones Financial Companies Lllp now owns 19,489 shares of the exchange traded fund’s stock worth $723,000 after acquiring an additional 18,939 shares during the last quarter. Empowered Funds LLC bought a new stake in iShares MSCI Germany ETF in the 1st quarter worth approximately $1,497,000. Focus Partners Wealth purchased a new stake in shares of iShares MSCI Germany ETF during the 1st quarter worth approximately $288,000. Finally, Rhumbline Advisers boosted its position in shares of iShares MSCI Germany ETF by 164.3% during the 1st quarter. Rhumbline Advisers now owns 3,105 shares of the exchange traded fund’s stock valued at $115,000 after acquiring an additional 1,930 shares during the last quarter. Institutional investors own 53.42% of the company’s stock.

iShares MSCI Germany ETF Stock Performance

EWG stock opened at $44.32 on Monday. The firm has a fifty day moving average price of $43.20 and a 200 day moving average price of $42.04. iShares MSCI Germany ETF has a fifty-two week low of $32.82 and a fifty-two week high of $44.62. The firm has a market cap of $1.81 billion, a PE ratio of 17.79 and a beta of 1.03.

iShares MSCI Germany ETF Profile

iShares MSCI Germany ETF, formerly iShares MSCI Germany Index Fund (the Fund), is an exchange-traded fund. The Fund seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of publicly traded securities in the German market, as measured by the MSCI Germany Index (the Index). The Index seeks to measure the performance of the Germany equity market. It is a capitalization-weighted index that aims to capture 85% of the (publicly available) total market capitalization.